N.E.W. Advisory Services LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

N.E.W. Advisory Services LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,722 shares of the semiconductor manufacturer’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC grew its position in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Schear Investment Advisers LLC grew its holdings in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares in the last quarter. Fiduciary Group LLC increased its position in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares during the last quarter. EWA LLC raised its stake in shares of Advanced Micro Devices by 4.0% in the 4th quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock valued at $269,000 after purchasing an additional 70 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Advanced Micro Devices by 36.2% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 72 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $1.35 during mid-day trading on Tuesday, hitting $154.43. 37,302,953 shares of the stock traded hands, compared to its average volume of 71,253,945. Advanced Micro Devices, Inc. has a twelve month low of $89.17 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company’s 50-day simple moving average is $174.53 and its 200-day simple moving average is $153.23. The firm has a market cap of $249.61 billion, a price-to-earnings ratio of 227.11, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 over the last three months. Insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AMD shares. Susquehanna lowered their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday, April 29th. Bank of America upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Finally, Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.